About MODEC
MODEC is a company based in Chuo (Japan) founded in 1968.. The company has 5,960 employees as of December 31, 2024. MODEC offers products and services including FPSO Systems and Floating Offshore Wind.
- Headquarter Chuo, Japan
- Employees 5960 as on 31 Dec, 2024
- Stage Public
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Sectors
Industrial Goods & Manufacturing
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Phone
*********
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Website
*********
- Legal Name Modec, Inc.
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Annual Revenue
$4.04 B (USD)26.17as on Dec 31, 2024
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Net Profit
$212.73 M (USD)145.98as on Dec 31, 2024
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EBITDA
$200.43 M (USD)118.21as on Dec 31, 2024
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Latest Funding Round
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Investors
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Employee Count
5960
as on Dec 31, 2024
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IPO & Listings of MODEC
MODEC is a publicly listed company on the TSE with ticker symbol 6269 in Japan, operating in the Producer manufacturing sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of MODEC
MODEC offers a comprehensive portfolio of products and services, including FPSO Systems and Floating Offshore Wind. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Floating Production Storage and Offloading systems are utilized for oil and gas extraction and processing in offshore environments.
Solutions for floating offshore wind farms are employed to support sustainable energy generation from ocean-based resources.
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Software Development Team
29 people
Leadership Team
16 people
Human Resources and Administration
16 people
Operations Team
10 people
Legal and Compliance
8 people
Product Management Team
8 people
Finance and Accounting
7 people
Cost Team
6 people
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Funding Insights of MODEC
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by MODEC
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - MODEC
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Modec Comparisons
Competitors of MODEC
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Modec
Frequently Asked Questions about MODEC
When was MODEC founded?
MODEC was founded in 1968.
Where is MODEC located?
MODEC is headquartered in Chuo, Japan. It is registered at Chuo, Yamanashi Prefecture, Japan.
Who is the current CEO of MODEC?
Yuji Kozai is the current CEO of MODEC.
How many employees does MODEC have?
As of Dec 31, 2024, the latest employee count at MODEC is 5,960.
What is the annual revenue of MODEC?
Annual revenue of MODEC is $4.04B as on Dec 31, 2024.
What does MODEC do?
MODEC was established in 1968 in Chuo City, Japan, as a specialist in the offshore oil and gas sector. Floating production systems, including FPSOs, are designed, constructed, and operated by the company for global energy projects. Services encompass engineering, installation, and lifecycle support, with operations extending across international waters to support upstream activities in the hydrocarbon industry.
What products or services does MODEC offer?
MODEC offers FPSO Systems and Floating Offshore Wind.
Is MODEC publicly traded?
Yes, MODEC is publicly traded on TSE under the ticker symbol 6269.
What is MODEC's ticker symbol?
The ticker symbol of MODEC is 6269 on TSE.